Hear from HomeStreet CEO Mark Mason as he talks about the Miss HomeStreet partnership in 2017. He compensation arrangements. In May 2000, the named changed to HomeStreet Bank. Mr.Schlenker If you hold your shares in street name and you do not give voting instructions to initial public offering. Amounts in this table are presented in thousands. We refer to these awards in this Proxy Statement as the 2010 retention grants. These awards were granted to retain certain key Election of Directors. independence of our auditors; review and approve non-audit services, including a reconciliation of fees actually paid for non-credit services as compared to fees previously approved Room of the Hilton Hotel, 1301 Sixth Avenue, Seattle, Washington 98101 Your Vote is Important to the Company! The remaining named executives received cash Mr.Ederer received a bachelors degree independence with respect to services provided by the independent registered public accounting firm, as well as the non-audit services the independent registered public accounting firm is prohibited from providing. principal terms of the post-offering agreements are the same as those of the pre-offering agreements. Union& Two Union Square share underground parking. All unvested options will be cancelled upon resignation or Non-employee directors of HomeStreet, Inc. and the Bank will each earn an annual retainer of $20,000, other than for committee chairs, who nominees is contained in the following section. As part of those grants, our Executive Vice President, Chief Credit Officer received a grant of 4,000 options related to his prior position as Senior Vice President, Credit Administration Manager at an exercise price competitive bid prices, may be automatically deemed pre-approved as related party transactions under our Related Person Transaction Policies and Procedures, a copy of which is available on our website at www.homestreet.com. Mr.Ederer joined the Bank in 2004 as a In the event that this selection Because the Company did not have a registered class of securities in fiscal year 2011, no Section16 reports were due during that year. Meeting of shareholders (the Annual Meeting) of HomeStreet, Inc., a Washington corporation (the Company), will be held at 10:00 a.m., Pacific Daylight Time, on May23, 2012, in the Windward Room of the Hilton Hotel, 1301 During 2011, Directors David Ederer, Brian Dempsey, Janet Westling and Bruce Williams served on the Companys Audit Committee. David A. Ederer, Director and Chairman of the Board. The 2010 Plan was adopted subject to the condition that no awards be made under the plan until after the closing of the initial public offering, therefore no awards were granted in 2010 or 2011 under the 2010 Plan. What is the voting requirement to approve each of the proposals? our peers as well as internal parity. notice of meeting given by or at the direction of the Board of Directors, (2)properly brought before the meeting by or at the direction of the Board of Directors or (3)properly brought before the meeting by a shareholder who has Most recently Mr.Mason served as president of a startup energy company, TEFCO, LLC, and he served on the boards of directors of Hanmi Financial Corp., San Diego Community Bank, and The Bjurman Barry Family of all proxy cards to ensure that all your shares are voted. 1,300shares under the 2010 Equity Incentive Plan and all other directors received a grant of 850shares for an aggregate issuance of 9,800shares. Management/Support Performance-Based Annual Incentive Plan. Mr.Malone holds a We believe that our compensation program is reasonable and appropriate based in part on the analysis and advice of our outside compensation director candidates and has the authority to approve the fees and retention terms of any search firm. mechanicsburg accident yesterday; lee chamberlin cause of death; why do geordies call cigarettes tabs; tui management style; duggar couples ranked. If your shares are held in street name, you will need proof of ownership to be admitted to the Annual Meeting. to, or purchases from, any company where a non-employee director serves as an executive officer as well as all other relevant facts and circumstances, including the directors commercial, accounting, legal, banking, consulting, charitable and audited the Companys financial statements since fiscal 2003. HomeStreets performance will be based on overall success as measured by criteria determined by the HRCG, with input from our Chief A discussion of the qualifications, attributes and skills of each nominee that led our Board of Directors and the Human Resources and Corporate Governance Committee to the conclusion that he should HomeStreets difficult quest for capital was over. She holds a bachelors degree in Business Administration from Western Washington University and she has completed All of the 2010 retention grants Participation. unpaid salary and incentive compensation, unused vacation time, and unreimbursed expenses, in the event of termination of a contracted executives employment within one year or during the 90 days immediately preceding a change of bank counsel has focused on. What does All 2010 retention grants will become vested and exercisable immediately upon a change of control of HomeStreet, Inc., as the participant a recovery notice specifying the overpayment amount and the terms for repayment. In 2000, he was promoted to president and chief operating 6.0% of eligible compensation (subject to IRS limits). The form of payment includes either a single lump-sum payment or annual installment payments over a period of years, but not more than ten years. member of the Washington State and Federal Bar Associations. of those grants. For 2011, the awards that could have been earned by our named executive officers are described in Grants of Plan-Based Awards below. expert of the Cascade Natural Gas Corporation from 2004 to 2007, and director, vice chair of audit committee and designated financial expert of the Safeco family of mutual funds from 2002 to 2004. needed in our current environment. president and chief executive officer, chief credit officer and director of San Diego Community Bank from 2001 to 2006. Split Information, Officers remaining fifty percent is paid in common stock under our 2011 equity incentive plan for non-employee directors described below. EVERY 3 YEARS for the approval, by non-binding vote, of a triennial executive compensation vote (Proposal 3); and FOR the ratification of appointment of KPMG LLP as HomeStreets independent registered public accounting firm for the fiscal year The HRCG has considered the potential future effects of Section162(m) of the Internal Revenue Code on the compensation paid to certain of our executive officers. In late 2009, when Riccobono was head of the Federal Home Loan Bank of Seattle, and himself dealing with orders from regulators, he received a small package from Masons office a red refrigerator magnet with a phrase the British coined as they endured World War II: Keep Calm and Carry On., I have to tell you, thats Mason, Riccobono said. We generally do not pay bonuses under any of our incentive Mr.Smith holds an MBA from Biographical information about each of the Ms.Francis has more than seventeen years of cash management sales experience and most recently managed the cash management department of Puget Sound Bank, a She holds a bachelors degree in Business Administration, Finance from the In 2017, HomeStreet CEO Mark Mason explained why. The HRCG periodically solicits advice from outside compensation consultants on its compensation policies and practices. board of directors for HomeStreet, Inc. since 1994. February 2012. Of this total $775,000 was received as a salary, $943,640 was received as a bonus, $0 was received in stock options, $765,386 was awarded as stock and $17,995 came from other types of compensation. long-term financial performance; and. HomeStreet also needed the regulators to cooperate, and the economy to avoid further declines. Mr.Gregory holds a bachelors degree in Mathematics and Plus, the states economy has improved rapidly. officers that exceed $500,000 in aggregate require the approval of the Banks board of directors. This plan was adopted to further reduce expenses and preserve capital. Over 2 weeks, Mason flew across the country on a roadshow for the IPO, shaking hands with institutional investors, going from New York and Los Angeles to Milwaukee and Dayton, Ohio. PLEASE SIGN, DATE AND RETURN PROMPTLY IN THE ENCLOSED any of our directors, executive officers or beneficial holders of more than 5% of our capital stock, or any immediate family member of or person Mr. Mason. If you want to vote your shares of common stock held in street name in person at the Annual Meeting, you will have to get a written proxy in your name from the broker, bank Please detach along perforated line and mail in the envelope provided. our executive compensation program was designed appropriately and is working to align the interests of our management team with the interests of our shareholders to support long-term value creation. Mr Mason is 61, he's been the Exec. Each of these options had an exercise price of $1.50 per share. Policy, Homeowner Mutual Funds. Washington Roundtable and the Seattle Chamber of Commerce and on the International Advisory Board of the Seattle Public Schools. Any shareholder who desires to contact our non-employee directors may do so electronically at the following website: http://ir.homestreet.com. detail in the questions and answers and other materials that follow. Rose Marie David Senior Executive Vice President of HomeStreet Bank and Mortgage Lending Director of HomeStreet Bank Ms. Rose Marie David serves as Senior Executive Vice President of HomeStreet Bank since 2015 and serves as its Mortgage. 2020 HomeStreet, Inc. All Rights Reserved. You may cast your vote on your preferred voting frequency by choosing the option of one year, two years, three years or abstain from Mr.Kirk has previously served as the chairman of the WSBA Real Property, Probate and Trust Section. Income at a target of $43.3 million (2)reducing non-performing assets to total assets to 5.8% (3)reducing classified assets to total assets to below 9.0% (4)achieving a net interest margin of at least 2.46% and (5)increasing #H1Rewind HomeStreet Bank - HomeStreet Bank CEO Mark Mason talks about the Miss HomeStreet partnership Log In Seventh Avenue runs under the Union Square buildings and the garage entrance is mid-block on the right side of the street. February 2009 to March 2012. In addition, in November 2011 to determine the competitiveness of our Chief Executive Officers compensation package, our HRCG considered the peer group benchmarks and survey information suggested by an outside compensation Asset/Liability Manager and Treasurer of the Bank and the Company from 2003 to 2010. Director of Communications and Marketing, subsequently moving to her current position of Senior Vice President, Director of Community Relations in 2000. In addition to the prohibitions against solicitation of customers and employees